Photo: ReutersQantas has suffered a $A4 billion revenue hit from the coronavirus crisis and warns international travel could still be a year away. Qantas group CEO Alan Joyce said the second half of the year was the toughest set of conditions the national carrier had faced in its 100-year history. It had scored a $771 million pre-tax profit in the first half of the year before things fell apart. Recent sales activity shows there will be high levels of demand when those restrictions are eased. But its international network is unlikely to restart before July 2021, although a Trans-Tasman route could start earlier.

Source: Otago Daily Times August 19, 2020 23:26 UTC